What Is Aave (AAVE)?
Aave is a decentralized finance protocol that allows people to lend and borrow crypto.
Lenders earn interest by depositing digital assets into specially created liquidity pools. Borrowers can then use their crypto as collateral to take out a flash loan using this liquidity.
Aave (which means “ghost” in Finnish) was originally known as ETHLend when it launched in November 2017, but the rebranding to Aave happened in September 2018. (This helps explain why this token’s ticker is so different from its name!)
AAVE provides holders with discounted fees on the platform, and it also serves as a governance token – giving owners a say in the future development of the protocol.
Who Are the Founders of Aave?
Aave, and its predecessor ETHLend, were founded by Stani Kulechov. At the time, he was frustrated at the lack of lending applications on Ethereum – and his project was built before decentralized finance even existed.
Kulechov is a serial entrepreneur who went to law school and began programming when he was a teenager. He was an early adopter in the blockchain space. The CEO has said that he wanted to rebrand ETHLend as Aave so the company could offer a wider range of services beyond Ether lending.
According to Kulechov, Aave’s main target market are people who are already engaged in the cryptocurrency community.
Aave Price Prediction
If you’re looking for Aave price predictions for 2022, 2023, 2024, 2025, 2030 and want to know where the prices of Aave (AAVE) will go in the future? We will analyze the past prices of Aave (AAVE) and will found out what experts are saying about its future price actions.
Please keep that in mind you need to take this prediction and every other prediction with the intention that this is only the suggestion of some market expert/analysts.
Not to mention predicting something so perfect is completely impossible. But we will try our best. Let’s start.
|Year||Minimum Price||Average Price||Maximum Price|
|USD Price||$ 202.50|
|24h Volume||$ 362,201,866|
Aave (AAVE) Price Prediction
At reconshell.com we predict future Aave price predictions/AAVE forecast by applying deep artificial intelligence-assisted technical Analysis on the past price data of Aave. We do our best to collect maximum historical data for the AAVE coin which include multiple parameters like past price, Aave marketcap, Aave volume and few more. If you are looking to invest in digital cryptocurrencies and want good return on your investments, make sure to read our predictions.
Aave Price Prediction 2022
According to our deep technical analysis on past price data of AAVE, In 2022 the price of Aave is predicted to reach at a minimum level of $276.83. The AAVE price can reach a maximum level of $349.53 with the average trading price of $284.98.
Aave Price Prediction 2023
The price of Aave is predicted to reach at a minimum level of $390.78 in 2023. The Aave price can reach a maximum level of $490.10 with the average price of $402.18 throughout 2023.
AAVE Price Forecast for 2024-2025
As per the forecast price and technical analysis, In 2024 the price of Aave is predicted to reach at a minimum level of $575.68. The AAVE price can reach a maximum level of $677.24 with the average trading price of $595.79.
The price of 1 Aave is expected to reach at a minimum level of $841.78 in 2025. The AAVE price can reach a maximum level of $1,015.98 with the average price of $865.61 throughout 2025.
Aave Price Prediction 2026
Aave price is forecast to reach a lowest possible level of $1,235.35 in 2026. As per our findings, the AAVE price could reach a maximum possible level of $1,466.42 with the average forecast price of $1,269.98.
Aave Price Prediction 2027
According to our deep technical analysis on past price data of AAVE, In 2027 the price of Aave is forecasted to be at around a minimum value of $1,776.61. The Aave price value can reach a maximum of $2,139.47 with the average trading value of $1,827.41 in USD.
Aave (AAVE) Price Prediction 2028
The price of Aave is predicted to reach at a minimum value of $2,538.39 in 2028. The Aave price could reach a maximum value of $3,059.39 with the average trading price of $2,629.76 throughout 2028.
Aave Price Prediction/Forecast 2029
As per the forecast and technical analysis, In 2029 the price of Aave is expected to reach at a minimum price value of $3,802.02. The AAVE price can reach a maximum price value of $4,455.60 with the average value of $3,933.51.
Aave (AAVE) Price Prediction 2030
The price of Aave is predicted to reach at a minimum value of $5,557.10 in 2030. The Aave price could reach a maximum value of $6,604.91 with the average trading price of $5,714.44 throughout 2030.
Aave Price Prediction 2031
Aave price is forecast to reach a lowest possible level of $7,857.11 in 2031. As per our findings, the AAVE price could reach a maximum possible level of $9,591.61 with the average forecast price of $8,142.84.
What Makes Aave Unique?
Aave has several unique selling points when compared with competitors in an increasingly crowded market. During the DeFi craze in the summer of 2020, it was one of the biggest projects in terms of the total value of crypto locked in its protocol.
The project allows people to borrow and lend in about 20 cryptocurrencies, meaning that users have a greater amount of choice. One of Aave’s flagship products are “flash loans,” which have been billed as the first uncollateralized loan option in the DeFi space. There’s a catch: they must be paid back within the same transaction.
Another big selling point is how those who borrow through Aave can alternate between fixed and variable interest rates. While fixed rates can provide some certainty about costs during times of volatility in the crypto markets, variable rates can come in handy if the borrower thinks that prices will fall in the near future.
How Many AAVE (AAVE) Coins Are There in Circulation?
Circulation is linked to the total value locked on Aave, as tokens are burned whenever the protocol gathers fees.
An initial coin offering was held in November 2017, where $16.2 million was raised by selling one billion AAVE tokens at a rate equivalent to $0.0162 a piece. At the time, 23% of AAVE tokens were assigned to its founders and project.
AAVE tokens have been built based on the ERC-20 standard, and they are designed to be deflationary. In the event of a shortfall in the DeFi protocol, staked tokens would be used as collateral as a last resort.
In July 2020, Aave unveiled plans to hold a token swap. This means that the 1.3 billion AAVE tokens in circulation would be swapped for the newly minted AAVE cryptocurrency at a ratio of 1:100, creating a total supply of 16 million AAVE. (Three million of this would be held in reserve.)
How Is the Aave Network Secured?
Aave’s open-source protocol is built on Ethereum, a blockchain that is currently making the transition from Proof-of-Work to Proof-of-Stake.
Where Can You Buy Aave (AAVE)?
Some of the biggest exchanges that list AAVE tokens include CoinDCX, Binance, CoinBene and OKEx.